Lucintel Anticipates the BRIC Composites Market to Grow at a CAGR of 6.9% Over 2013-2018

USA, April 11, 2016 (Newswire.com) - Composites are used in a variety of markets, such as transportation, construction, marine, wind energy, aerospace, electrical and electronics, and pipe and tank. China has been the top market among the BRIC countries in terms of total composites consumption, whereas India depicted the highest growth rate in 2013 due to rapidly increasing demand from the end user industries.

The major growth drivers of composite materials in BRIC countries are the increasing penetration level and growth of the end use application industries. Composites consumption in the automotive industry has risen substantially, driven by fuel efficiency on account of lighter vehicles for mass produced models as well as performance benefits to high-end automotive models.

The BRIC composites market is expected to grow at a CAGR of 6.9% during 2013-2018. The pipe and tank segment will remain the largest market for composite materials among BRIC countries during the forecast period. The BRIC composites market is expected to be highly competitive in the future, and companies with innovative capabilities can thrive and gain market share.

Lucintel, a leading global management consulting and market research firm, has analyzed the BRIC composites market by various segments and has come up with a comprehensive research report, “Growth Opportunities for Composites in BRIC Countries 2013-2018: Trends, Forecast, and Opportunity Analysis.” This report provides an analysis of the composite materials market in BRIC countries, including the analysis of market trends, company profiles, emerging trends, and key drivers of industry growth. The study also includes the composite materials market forecasts through 2018, segmented by markets and countries as follows:

The BRIC composites market segmented by countries:

·         Brazil

·         Russia

·         India

·         China

The BRIC composites market segmented by applications:

·         Pipe and Tank

·         Transportation

·         Wind Energy

·         Aerospace and Defense

·         Construction

·         Marine

·         Electrical and Electronics

·         Others

This 140-pages research report will enable you to make confident business decisions in the BRIC composites market. For a detailed table of contents and pricing information on this timely, insightful report, click on this link …http://www.lucintel.com/reports/chemical_composites/growth_opportunities_for_composites_in_bric_countries_2013-2018_trends_forecast_and_opportunity_analysis_october_2013.aspx…or contact Lucintel at +1-972-636-5056 or via email at [email protected]. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Business Diagnostic and Implementation, Business Plan and Industry / Market Analysis.

Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat in its website to answer your questions in real time.

About Lucintel

Lucintel, the premier global management consulting and market research firm creates winning strategy for growth—whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.